Penny Stock Pick - ACLS

Ever since hitting this year's low on August 31, shares of Axcelis Technologies Inc. (ACLS), the Massachusetts based semiconductor equipment maker,  have been on the rise and so far has gained 60% in just two months.  Recently Axcelis Technologies has received two major orders from other chip maker - one for Axcelis photoresist dry strip cleaning system and another for the company's plasma dry strip systems showing great signs that the Axcelis's business is picking up.  


Technical chart shows bullish sign as MACD is above 0 and 20 day moving average has crossed on top over both 50 day and 200 day moving average.  The KD lines though show weakness as both K line and D line are moving downward which is why ACLS stock has pull back recently.  At the moment ACLS actually rose 6.97% which shows there is support as shares have dropped to 20 day moving average.


The insider transaction chart also show bullish sign as Axcelis Technologies's directors have been buying tons of shares since August.  Financial statement shows improvement with consecutive rise in revenue and reducing net loss.  With continuously improving business we should expect another great quarter from Axcelis Technologies.